A federal judge has temporarily blocked the Department of Housing and Urban Development from canceling 78 Fair Housing Initiatives Program grants. The judge’s decision comes as Democratic congressmembers demand HUD edit its cost-cutting plans. Continue reading
Lenders no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a “reconsideration of value.” Continue reading
Privately owned housing starts rose 11.2 percent but still fell behind February 2024 activity, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading
Senators Maxine Waters (D-CA) and Elizabeth Warren (D-MA) sent Department of Housing and Urban Development Secretary Scott Turner a letter on Monday, demanding that he halt plans to cut staff at the Office of Fair Housing and Equal Opportunity. Continue reading
The Housing Authority of the City of Los Angeles (HACLA) has announced a pause on accepting new Housing Choice Vouchers (HCVs), also known as Section 8 vouchers, which could leave thousands of residents at risk for homelessness, CBS News reported Tuesday. Continue reading
As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to federal workforce and programs. Continue reading
Sales of newly built single-family homes declined during January, falling well below consensus estimates, according to data released Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading
National Housing Conference President and CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae. Continue reading
The Trump administration is silent on details, but disputes the accuracy of a Feb. 18 report by Bloomberg Law that at least 40 percent of FHA’s workforce are set to be laid off as part of cost-cutting initiatives. Continue reading
Multifamily housing starts fell 9.8 percent, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4 percent month over month, according to data released Wednesday. Continue reading